|Appears in Collections:||Accounting and Finance Journal Articles|
|Peer Review Status:||Refereed|
|Title:||The determinants of forward-looking information in annual reports of UAE companies|
Disclosure in accounting Middle East
Disclosure in accounting
|Citation:||Aljifri K & Hussainey K (2007) The determinants of forward-looking information in annual reports of UAE companies. Managerial Auditing Journal, 22 (9), pp. 881-889. https://doi.org/10.1108/02686900710829390|
|Abstract:||Purpose To empirically explore empirically the underlying factors that may affect the extent to which forward-looking information is disclosed. Methodology This study uses a list of forward-looking keywords to demonstrate the differences, if any, in the level of disclosure among firms and between sectors. The sample includes 46 companies listed in either the Dubai financial market or Abu Dubai securities market. Statistical analysis is performed using a backward regression. Findings Debt ratio and profitability are found significant; however, sector type, firm size, and auditor size are found to have insignificant association with the level of forward-looking information disclosed in UAE annual reports. Practical implications A number of users, such as investors, lenders, and auditors, may find these results beneficial. These users may consider the results of this study when they are dealing with firms that have low profitability and high financial risk. Accordingly, they may wish to extend their investigations and verify such reporting practices. By doing this, the quality of information that is available to the public may be enhanced; and hence, users of annual reports may be better served. Originality/value It is important to note that the association between the extent of disclosure and the selected corporate attributes is still ambiguous. There are very limited number of studies that have examined disclosure of forward-looking information in developing countries and even fewer such studies may be found in the Middle Eastern countries. To the best of the authors' knowledge, no study yet has examined the forward-looking information disclosure issues in the UAE or Middle Eastern countries.|
|Rights:||Published in Managerial Auditing Journal by Emerald|
|MAJ AH2007.pdf||Fulltext - Accepted Version||104.38 kB||Adobe PDF||View/Open|
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